Best-selling author Robert Kiyosaki is warning that a bubble may be forming for financial assets, setting Bitcoin (BTC), silver and gold up for a sudden correction.
In a new thread on the social media platform X, the Rich Dad Poor Dad author tells his 2.8 million followers that many assets may be currently overvalued due to speculation and investor optimism.
-->However, he says that a bubble bursting correction may present a golden opportunity for the flagship crypto asset and the two precious metals.
“Bubbles are about to start busting. When bubbles bust, odds are gold, silver, and Bitcoin will bust too. Good news. If prices of gold, silver and Bitcoin crash, I will be buying. Take care.”
Earlier this month, Kiyosaki announced that after Bitcoin’s explosive move past $120,000, he was stopping his purchases of BTC for the time being. He said he wouldn’t start buying Bitcoin again until a clearer financial picture came into view.
“Yay: Bitcoin over $120,000. Great news for those who already have some Bitcoin. Bad news for those who, for whatever reason, never ‘pulled the trigger.’ They own nothing. As warned in previous X, ‘Pigs get fat, hogs get slaughtered.’ I am buying one more coin and get fatter. I will not buy any more – until I know where the economy is going.
As tempting as Bitcoin going to $200,000 to $1 million is, I don’t want to be a hog and get slaughtered. If you have not begun acquiring Bitcoin, I suggest starting very small, starting with a Satoshi.”
At time of writing, Bitcoin is trading for $117,899.
